AI is penetrating everything. It is also opening new business models. For example, Google is considering the idea of making search a subscription model.
In this video I discuss how the basis of AI shows where blockchain fits into all this. On Hive, we need to seriously consider the implications and how this all ties together. If Big Tech is going for it, then it is a given for Web 3.0 to pursue it.
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Well illustration I love the simplicity and I hope everything said goes accordingly
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With all the competition, Google must be very confident of their product to consider a subscription model. I still believe AI will lead to decentralization. Because of how things are progressing, I do think Hive and Web3 need to capitalize on it and jump for it while it's still early.
Summary:
The host discusses the potential shift of Google's search engine to a subscription-based model, and how this could be driven by the company's focus on artificial intelligence (AI). He argues that Google's vast data trove gives it an advantage in the race for Artificial General Intelligence (AGI), which could enable it to monetize its search engine in new ways.
The host then connects this trend in the traditional tech industry to the world of Web3 and blockchain. He posits that just as the internet and digital technologies have become integral to businesses today, AI will be equally essential for any Web3 project or blockchain-based platform to succeed. The host emphasizes that AI, defined as data combined with algorithms and compute power, is a critical component that Web3 ecosystems must incorporate.
The host suggests that the future of Web3 lies in developing "X as a Service" models, where X represents specific applications or services built on blockchain infrastructure. He highlights the potential for blockchain to serve as the underlying infrastructure for AI, drawing parallels between the definition of AI and the capabilities of blockchain networks. The host points to projects like SingularityNet as examples of efforts to leverage blockchain for AI-powered services.
Overall, the host argues that the rise of AI is an inescapable trend that Web3 and blockchain-based initiatives must embrace in order to remain competitive and drive innovation in the digital landscape.
Detailed Analysis:
The host begins by discussing a headline about Google potentially transitioning its search engine to a subscription-based model. He initially finds this idea absurd, given Google's reliance on advertising revenue from its free search service. However, the host then suggests that the answer to this potential shift lies in AI.
The host explains that there are arguments that Google may emerge as the winner in the race for Artificial General Intelligence (AGI), primarily due to its access to vast amounts of data accumulated over decades. He argues that this data advantage could enable Google to find new ways to monetize its search engine, even if it means moving away from the free, ad-supported model.
The host then connects this trend in the traditional tech industry to the world of Web3 and blockchain. He emphasizes that just as the internet and digital technologies have become integral to businesses today, AI will be equally essential for any Web3 project or blockchain-based platform to succeed. The host argues that it is "insanity and foolhardiness" to think that Web3 can compete without incorporating AI.
The host defines AI as "data wrapped in algorithms and combined with compute," and suggests that this definition can be applied to blockchain as well. He argues that blockchain can serve as the infrastructure for AI, providing the data storage and processing capabilities required for AI-powered applications.
The host highlights projects like SingularityNet as examples of efforts to leverage blockchain for AI-powered services. He suggests that the future of Web3 lies in developing "X as a Service" models, where X represents specific applications or services built on blockchain infrastructure.
Throughout the discussion, the host emphasizes the inevitability of the AI trend and the need for Web3 and blockchain-based initiatives to embrace it in order to remain competitive and drive innovation. He acknowledges that there may be debates around the specific players and approaches, but maintains that the overall direction towards AI-powered digital ecosystems is undeniable.